<html><head><meta http-equiv="Content-Type" content="text/html charset=windows-1252"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;">Hi Heather,<div><br></div><div>I have been grappling with the new statute all day, and feel pretty good that there aren’t too many big changes to what I have been doing anyway, so am tweaking a little language, but not doing a whole redraft. However, I see in your earlier post that you felt the need to rewrite your POA, and now I’m feeling a little less certain. Would you be willing to share what you have come up with?</div><div><br></div><div>I do think I am going to start providing a generic Agent’s Duties explanatory document, as an FYI, with the copies I have my clients send to their nominated agents. Copy attached.</div><div><br></div><div>In the past I have simply included within the POA itself a “Fiduciary Duties” provision: </div><div>
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<!--StartFragment--><p class="MsoNormal"><b><span style="font-size: 12pt;"><i>10.
<u>Fiduciary Duties and Indemnity</u>. </i></span></b><span style="font-size: 12pt;"><i>The Attorney in Fact is
by law a fiduciary of the Principal, and shall comply with the law of the State
of Washington as established in <u>Moon v. Phipps</u>, 67 Wn.2d 948, 411 P.2d
157 (1966), which requires that a fiduciary, in handling the Principal’s
property, must exercise the utmost good faith, must disclose fully all facts
relating to the fiduciary’s interest in the fiduciary’s actions affecting the
property involved, and must use the Principal’s property solely for the Principal’s
benefit.<b> </b>The estate of the Principal shall hold harmless and indemnify
the Attorney in Fact from all liability for acts done in good faith, provided
they are in full compliance with of this section, and not in fraud of the
Principal.</i><b><o:p></o:p></b></span></p><p class="MsoNormal"></p></div></body></html>